CAalley Newsletter dated February 6, 2023
Latest additions to CAalley:
News:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
India will not merge GST tax rates in 2023-24: Revenue Secretary Malhotra
Markets regulator seeks beneficial ownership details of foreign investors: Report
Linking PAN with Aadhaar: CBDT chairperson says 48 crore linked so far
IRDAI should set up a committee to review its regulations: Experts
Govt not to impose import duty on cars brought in for testing: Minister
Insurance companies under scanner for rampant tax evasion
India, France, UAE unveil plans for co-operation under trilateral framework
Sebi proposes measures to curb mis-selling in alternate investment funds
Centre working on implementing new Foreign Trade Policy from April 1, 2023
SEBI tweaks operational framework on credit rating agencies
GST Council chaired by FM Nirmala Sitharaman to meet on Feb 18
Govt reduces customs duty on number of products for marine sector
EPF withdrawals will be less taxing now. All about the big budget announcement
India Inc braces for CSR cost blow
No angel tax on past foreign investments in startups
Increase in TCS under LRS is to target discretionary spending: Revenue Secy
Scope widens for GST levy on online database services
ITC cannot be claimed on goods/services used for CSR activities: Budget
Six Questions For Indian Startups, Tech & Digital India
Audit committee job creep taking its toll
UK sets out plan to regulate cryptoassets
FASB Crypto Proposal Coming by End of March amid Slight Sector Rebound from Lows
PCAOB offers new guidance for quality control remediation
OECD releases technical guidance for implementation of the global minimum tax
Acts & Regulations:
Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under
[Issued on February 3, 2023]
Framework for Social Audit Standards
Legal Updates:
Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)
Dos and don’ts relating to green debt securities to avoid occurrences of greenwashing
Updated Operational Circular for Credit Rating Agencies
Amendments to Operational Circular for Credit Rating Agencies